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Deutsche Bank said that it views the risk / reward on Sara Lee Corporation
SLE shares, even with the 44% increase in 2010, as the most favorable in the group.
“Based on our sum-of-the-parts analysis, we derive a $21 target based on: $13-14 Intl Beverage, $6-7 NA Meat, $1 Intl Bakery,” Deutsche Bank writes.
“The prospect of M&A-oriented upside potential to $21 a share or more vs. a fundamental-based downside of $16 helps underpin our BUY opinion.”
Sara Lee closed Tuesday at $17.41.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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